New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-01-19

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INDEBTEDNESS OF THE PACIFIC ROADS.
WASHINGTON JAM 1s--secretary Manning has replied
to the Senate resolution Of January D. calling upon him
for information the sums Of money owing TO the
United States by the Pacific railroad companies III
Secretary says that the amount due from tho severn
Pacific railroad companies for interest paid by the United
States to January 1, 1887, on subsidy bonde
issued to said companies was $70,s5f, 1925 90,
Of which there had been repaid by the companies
at that date gel 552 IA H. leaving due on account o
interest $40 1S1 AZ. There will be due on the SANG
account at maturity of the subsidy bonds, September
1897 the further OF 406,92l SO, making total
OF S9 O3 SO due and to become due on account o.
interest is also to become due on account Of
principal Of these bonds at maturity 46235l2, making
an aggregate Indebtedness due and to become due Of
$157,332,615 &c.
In regard to the inquiry as to what difference win
suit to the Treasury il the Senate bill No. 1000 should
become law the Secretary states that the special
method prescribed by the bill for obtaining the constants
annual payment is one which while proposing 10 hnd
constant semi-annua payment adequate to extnguish
both principal and interest OF the ndeote1ness OF ire
IS.
being Sufficient to provide for payment Of only eleven
twelfhs of the interest The present worth OF the IN
seI'es'i O. .e the interest on which,
computed at 3 per cent per annum is sl66i63l 90.
S 81 the to bill be made 5asSs inc
ness rss"rsd 70 cancel the iddeeteaness above
toned % principal and Interest In eign
reinvested miannually Is 81 .s34,O63 9s;
The calls attention to section OF the Thur
m eft auls saw
whether the sinking nd now held in trust by the Gov
eminent should DO treated Offset in determining
the Indebtedness due the Government from the railroad
company mentioned, as is required by section l. nrss
paragraph of Senate bill No. LOO now under consider
alton.
MEASURES BEFORE THE TWO HOUSES.
THE SENATE PASSES THE BACKBONE" FOR
FIXTURE BILI-INTERsTATE COMMERCE IL THE
HOUSE.
WASHINGTON Jan. 1s.-The Senate took up to-day as
special order the House bill to declare forfeiture OF
lands granted to the Ncw-Orleans. Baton Rouge and
vicksburg Railroad Company tho Backbone" Railrcads
apply to the lands east OF tho Misss
sipp-and to confirm to the New-Orleans Pacific Rail-
road Company (the assignee OF the other company mo
granted lands not forfeited.
Mf Eustis supported the first proposition but opposed
the second and offered substitute for the whole Dill
The substitute declares forfeited all the lands originally
granted with proviso confirming titles acquired by pur
chase from any railroad company by any bona tide
settlers
Considerable discussion followed on the bill
Mr. Gibson offered an amendment which was agreed to.
to the irpa bin protecting the rights Of the settlers
and argued against the substitute offered by his col
league
Mr. Edmunis argued against the bill He characterized
the purchase OF the grant from the Backbone Railroad
as one the most audacous deals ever practsed In tho
United states-and that saying great deal
Mr. Teller declared that there no distinction be-
tween this case and that OF the Northern Pacific Rail-
road Company. That company held its 47.0oo,ooo
acres OF public land by assignment not even direct
but under q mortgage.
The substitute offered by Mr. Eustis was rejecteayeas
H. nays 80. The bill as amended was 'heh passea "tH
out division.
Mr. Edmunds gave notice that early tomorrow he
should move that the Senate proceed TO the consders
ton OF executive business the consideration OF topics
of wide public interest. He gave the notice now, so that
all Senators might understand it. ut Is supposed to refer
TO the Nicaragua Canal resoution)
Mr. Eyarts presented memorial signed by merchants
and business men OF favor of the repeal Of
internal revenue taxes
The Senate at 500 adjourned.
Mr. Cutcheon OF Michigan, from the Committee on Mil
itorv Affairs reported bill to the House to-day authoriz
Mr. Daniel of Virginia. on behalf OF the Committee
TaIor called M the resolution setting aside January
20 for the consideration of the Blair Educational bin
Mr. Springer of Illinois. moved to lay the resolution on
the table-lost, yeas 76 nays d65 -,
The hour expired before final action was taken
Mr. crisp. OF Georgia, then called mp. and the
House proceeded consider the conference re
port on the Interstate Commerce bill Discussing
the long short haul section he declared that the basis
upon which freight rates should he fixed was tho
value OF the line aud the cost 81 transportation.
Believing these things his understanding OF the section
that il would bring about reasonable rates without
discrimination and would fix the charges FOR through
traffic az the maximum rates which might be charged he
tween any other points on the same line.
Mr. BuerwOrh. OF ONO in order TO Obtain ar Crls's
Interpretation Of the section put hypothet al question:
suppose line of railroad between and there Wa
water competition. aud ia order Ia OBTAIN inc tfelyht
certain rate was charged by the railroad suppose that
between A and (Which nearer Ia A than q NasD,
there competition would the fact thnt there
was no competition in the one case and there was com
petition in the other present substantially smlar cur
company from charging for the short than for the
long hault
Mr. Crisp replied that in his Judgment the fact that
there was competition or no competition would no' aiccf
Mr. Butterworth suggested that in that the long
haul between 4 and was practically abolished.
NELL, Pcnnsy regretted the absence OF
Mr. Reagan because ne desired say that from the time
this bill was reported dow the time II went TO the
ference committee things had been done whi h he Gtr
o. NeilD would done. For reason unknown
TO HIM every House confece had been chosen fro
who favored the Reagan bill.
Mr. Caldwell Tennessee inquired whether the gen
tenan thought he could have taken care OF the Cuion
bill any better than Senator CullOm did
Mr. ONel replied That lie would have hht rs gooi
chance of persuading the Senators Ia adhere 10 the Gu
essrs Reagan and Crisp had "a persuade them TO take
certain clauses of the Reagan bill.
Pending further discussion, the matter went over.
The House then, at 800, adjourned
NO PENSION YET FOR MRS. LOGAN.
WASHINGTON, Jan. ls.The bills granting pensions to
Mrs. Logan and Mrs. Blair widow OF General Frank
sbf- h Tho (..n-